Capital Markets

After a number of challenging years, Papua New Guinea’s capital markets seem to be finding their footing and may be on the cusp of great and positive change. In 2015 the country had its first initial public offering in three years, and it was a significant listing: a major local financial services group with part ownership of the stock exchange. Also, in 2016 a key stock started trading again after having been suspended in 2014. Significant reforms are being discussed, with Prime Minister Peter O’Neill weighing in, and these could result in much-needed consolidation and modernization of capital markets regulation and oversight.

This chapter contains a viewpoint from Richard Borysiewicz, General Manager, BSP Capital.